NABBED OVER

10 peo­ple lost RM3.5 mil­lion

New Straits Times - - News -

ZULIATY ZULK­I­FLI JI­TRA news@nst.com.my

PO­LICE ar­rested a man al­legedly linked to an il­le­gal for­eign cur­rency in­vest­ment scheme that si­phoned RM3.5 mil­lion from in­vestors in Kedah.

The man, 43, from Sun­gai Li­mau Dalam in Yan, was picked up by state Com­mer­cial Crime In­ves­ti­ga­tion Depart­ment of­fi­cers in front of a bank in Kota Sarang Se­mut at 4.30pm on Mon­day.

He has been re­manded for four days.

State deputy po­lice chief Se­nior As­sis­tant Com­mis­sioner Sa­habudin Ab­dul Manan said the ar­rest fol­lowed a re­port lodged by a woman who claimed she lost RM50,000 in an in­vest­ment scheme.

“The RM3.5 mil­lion in losses in­volved 10 vic­tims in Kedah.

“In­ves­ti­ga­tions re­vealed that the scheme of­fered a 50 per cent profit each week to in­vestors, but none of the vic­tims re­ceived any pay­ment.”

PIC BY SHARUL HAFIZ ZAM

The sus­pect be­ing led out of a court lock-up in Alor Star yes­ter­day.

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